AUDJPY 4h, review of my previous short analysis
Good day all! As i said i was waiting for the close of the daily and weekly candle before go in again into the analysis of this pair.
In the previous post i ve analize a possible short setup mainly focused on elliott priciples analysis that i m still using trying to implement my simple structure/patterns recognition analysis. The point is that as x structure my analysis some time ago was long but after saw it with elliott wave i ve change my bias maybe fall in error i don t know only time and patience will tell us . So here is just a review thinking at how the daily weekly and monthly candles are close! If we think at the last strong impulse up as a sign of change in the direction of the trend and last consolidation as accomulation of orders before another leg up this is my analysis. So at the start of the next week i will look how price will react at that counter TL to see if a retest will appears and if yes that will be my projection of the price.
When i post here i always try to do m best and left out the unclear setups so sorry for this one and let s see what analysis will be the right one!
Anyway we re approaching the holidays and volume is starting to go low so if there will be a good one i will reppost for sure.
Have a good weekend all!
In the previous post i ve analize a possible short setup mainly focused on elliott priciples analysis that i m still using trying to implement my simple structure/patterns recognition analysis. The point is that as x structure my analysis some time ago was long but after saw it with elliott wave i ve change my bias maybe fall in error i don t know only time and patience will tell us . So here is just a review thinking at how the daily weekly and monthly candles are close! If we think at the last strong impulse up as a sign of change in the direction of the trend and last consolidation as accomulation of orders before another leg up this is my analysis. So at the start of the next week i will look how price will react at that counter TL to see if a retest will appears and if yes that will be my projection of the price.
When i post here i always try to do m best and left out the unclear setups so sorry for this one and let s see what analysis will be the right one!
Anyway we re approaching the holidays and volume is starting to go low so if there will be a good one i will reppost for sure.
Have a good weekend all!